Altair Joins the Piedmont Aerospace Cluster

Rhea-AI Summary

Altair (Nasdaq: ALTR), a global leader in computational intelligence, has been selected to join the Piedmont Aerospace Cluster. Altair will contribute to several of the Cluster's innovative projects and strategic initiatives, providing indispensable tools and expertise for digital engineering and the application of AI in the development, production, and maintenance of aircraft and subsystems.

Altair's senior vice president of aerospace and defense, Pietro Cervellera, highlighted the company's long-standing presence in Piedmont and Turin, emphasizing their established relationships with leading aerospace companies.

Fulvia Quagliotti, president of the Piedmont Aerospace Cluster, welcomed Altair, noting the importance of simulation, data analytics, and AI for aerospace organizations.

The Cluster, established in 2005, aims to enhance the competitiveness of Piedmont's aerospace industry by coordinating public and private investment in technological innovation. It is a founding member of the National Aerospace Technology Cluster (CTNA), which federates Italy's leading aerospace hubs and includes public authorities, universities, research centers, and companies.

Positive

• Altair joins Piedmont Aerospace Cluster, enhancing its technological capabilities.
• Strengthened relationships with leading aerospace companies.
• Opportunity to contribute to innovative aerospace projects and initiatives.

Negative

• None.

Altair technology to fuel innovation and the future of aerospace

TROY, Mich., Feb. 25, 2025 /PRNewswire/ -- Altair (Nasdaq: ALTR), a global leader in computational intelligence, has been selected to join the Piedmont Aerospace Cluster. As a member, Altair will contribute to several of the Cluster's innovative projects and strategic initiatives.

In aerospace, supply chains play a crucial role, as optimizing them requires companies with deep knowledge of the processes and methods of a highly regulated, quality-driven industry. As one of the world's leading providers of technologies for the digitalization of engineering, testing, manufacturing, and maintenance, Altair will benefit the Cluster by providing indispensable tools and expertise for digital engineering and the application of artificial intelligence (AI) for the development, production, and maintenance of aircraft and subsystems.

"Altair has deep roots within Piedmont and Turin, where we have had our Italian headquarters for more than 20 years. Throughout that time, we have established close relationships with the world's leading aerospace companies," said Pietro Cervellera, senior vice president of aerospace and defense, Altair. "Joining the Cluster is our way of strengthening our bond with the region, its universities, and its businesses within the aerospace ecosystem."

"We are pleased to welcome Altair to the Cluster, which already includes among its members some of the most innovative aerospace companies in our country," said Fulvia Quagliotti, president, Piedmont Aerospace Cluster. "Simulation, data analytics, and AI are essential elements for aerospace organizations of all types."

The Cluster is a nonprofit organization established in 2005 to enhance the competitiveness of Piedmont's aerospace industry, guaranteeing coordination and long-term vision for public and private investment in technological innovation. The Cluster is one of the founders of the National Aerospace Technology Cluster (CTNA), which federates Italy's leading aerospace hubs and brings together all the key players in the national aerospace system, including public authorities, universities and research centers, companies, and more. Its mission is to promote innovation, training, and encourage the development and growth of the region's excellence.

To learn more about Altair's aerospace solutions, visit https://altair.com/aerospace. To learn more about the Cluster, visit https://www.distrettoaerospazialepiemonte.com/en/about-us/.

About Altair

Altair is a global leader in computational intelligence that provides software and cloud solutions in simulation, high-performance computing (HPC), data analytics, and AI. Altair enables organizations across all industries to compete more effectively and drive smarter decisions in an increasingly connected world – all while creating a greener, more sustainable future. To learn more, please visit www.altair.com.

Media contacts
Altair Corporate	Altair Investor Relations
Bridget Hagan	Stephen Palmtag
+1.216.769.2658	+1.669.328.9111
corp-newsroom@altair.com	ir@altair.com
Altair Europe/The Middle East/Africa	Altair Asia-Pacific
Louise Wilce	Man Wang
+44 (0)7392 437 635	86-21-5016635,,825
emea-newsroom@altair.com	apac-newsroom@altair.com

 

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SOURCE Altair

FAQ

What does Altair's membership in the Piedmont Aerospace Cluster mean for shareholders?

Altair's membership in the Piedmont Aerospace Cluster enhances its technological capabilities and strengthens relationships with leading aerospace companies, potentially driving future growth.

How will Altair contribute to the Piedmont Aerospace Cluster?

Altair will provide tools and expertise for digital engineering and AI applications in the development, production, and maintenance of aircraft and subsystems.

What is the Piedmont Aerospace Cluster?

The Piedmont Aerospace Cluster, established in 2005, aims to enhance the competitiveness of Piedmont's aerospace industry by coordinating public and private investment in technological innovation.

How long has Altair been established in Piedmont and Turin?

Altair has had its Italian headquarters in Piedmont and Turin for more than 20 years.

What is the significance of the National Aerospace Technology Cluster (CTNA)?

The CTNA federates Italy's leading aerospace hubs and includes public authorities, universities, research centers, and companies, promoting innovation and development in the aerospace sector.